Central Texas Brokers Third Quarter 2004 Board Members Presidents Corner President Bill Standberry 327-9310 Stanberry and Associates President-Elect Sue Gravett 794-9400 Henry S. Miller Company Past President Paul Gamel 329-2911 Paul Gamel & Associates Jack Wolfe 377-4400 Falcon Southwest Rhonda West 261-7780 West Commercial Sue Runnels 328-7192 The Flick Report Bill Standberry Standberry and Associates Having been established for four years, it is time for us to belatedly begin a quarterly newsletter. Thanks to the initiative of Director Robert Hemphill and the encouragement of your entire Board of Directors, we will kick this first one off, with the thought of providing pertinent information and news that our members will find useful. It will be particularly useful as a means to keep you up on training and programs and activities in which you may wish to participate. Our organization is dedicated to filling that niche for education, training, MCE topics, current/ local news of interest and networking opportunities that are not afforded by other agencies in Central Texas. Our membership is made up of Realtor members of the local CCIM Chapter, of members of local residential boards who choose CTCB as a secondary membership, and primary mem- Cathy Coneway 327-6181 ChicagoTitle Company Joe Willie McAllister 472-2100 McAllisrter and Associates Mike Buls 480-3131 Buls Hodge Consulting Paul Ott 219-7777 The Paul Ott Company Todd Kuhlmann 794-1999 Kuhlman Commerical Capital LLoyd Thomas 254-773-4901 Aldrich-Thomas Travis Dunaway 682-5500 Endeavor Real Estate Tom Stacy 476-9999 T. Stacy & Associates David Sour 346-5180 NAI-CIP Robert Hemphill 474-2224 The Robert R. Hemphill Co. Gail O Connor CRESA Partners 457-8820 http://www.ctcb.org 6th and Lamar nears completion (continued on page 2) The Austin Commercial Real Estate Market continues its recover with new high profile properties coming on line. CTCB Sponsors
Legislative Update Tax on services It is obvious that the state of Texas needs funding for education and that the burden on taxpayers must be lifted. The Legislature must inevitably create a new revenue stream, but it is essential to create one that is fair to the consumer, lowers property taxes, and generates revenue for years to come not a quick fix. With that said, there are few revenue generators that meet those standards: a franchise tax, increased sales tax, real estate-transfer tax, state income tax, tax on services, video-lottery-terminal tax, and a payroll tax. On either side of the issue you have legislators who are working toward the long-term, and who prefer to address taxation and public-school finance in increments until there is some form of consensus. The question remains: How do you fund public schools, promote education reform, and maintain a fair share responsibility for all Texans? The Texas Association of REALTORS assures its members that the TAR lobby team is working hard to protect your interests and the interests of the property owner. While the association was successful in defeating a tax on services during the first special session on school finance, we will diligently continue to prevent any such tax that would have that affect on the REALTORS or the privateproperty owner. Contributed by Tom Stacy legislative Sign s of the Real Estate recovery are popping up everywhere. The photo at left announces the new Target Super store that is under construction at 2222 and 620 in the Four Points multi use Development. The Kucera Company breaks ground on their new medical condominium complex located on Balcones Drive in North Austin
Upcoming Events CTCB held a broker social gathering at the Tavern in June. The Tavern is a well known Austin icon and as the sign says is best know for its cold beverages and cold air-conditioning. In years past you might find a title agent buying the first round but this year with the current legislation it was the bankers and lenders doing the honors. Thanks to everyone who came out. exar, Web ntracts, ntal, ership). nd gislative SAVE THIS DATE Central Texas Commercial Brokers Inaugural Commercial Real Estate Technology Expo September 30 th, 2004 1:00 pm-5:00 pm Expo 4:00 pm-6:00pm Social at the Austin Country Club Ballroom 4408 Long Champ Drive For more information Vendors and Sponsors can contact Gail O Connor (512-457-8820, goconnor@cresapartners.com) or Irene Good (512-873-8195, Irene@hempsteadassociates.com).
Next Monthly Meeting Thursday, October 7 Joint Membership Luncheon - will feature Guest Speaker Ted Jones. Ted Jones is an accomplished speaker and economic forecaster. Please mark your calender and plan to get there early for this one. Ted has a strong following (Presidents Corner Cont.) What is CTCB CTCB is the only professional trade association in Central Texas designed exclusively for Commercial Real Estate Professionals. The Central Texas Commercial Brokers is a professional trade association which exists to enhance the business opportunities of its members through access to pertinent real estate information, education, ethics, recognition, legislative advocacy and networking. bers who do not have membership in other Realtor boards. Associate members are those who represent the various industry related supporting activities. CTCB is currently a sub-activity of North Texas Commercial Association of Realtors (NTCAR), the first overlay board established in 1992 by the National Association of Realtors (NAR). We have initiated the application process to be chartered by NAR as an independent overlay board reporting directly to the Texas Association of Realtors (TAR), and to be called Central Texas Commercial Association of Realtors (CTCAR). We anticipate approval by the end of this year. One of our primary goals is to work closely with the several sister organizations involved locally in commercial real estate. We benefit in many ways, economically, networking, and getting better, more sought after speakers and instructors, to occasionally combine our efforts and do joint programs with CREW, CLBA, the CCIM Chapter and sometimes others. One of the substantial, visible benefits of membership is the 20-25% discount on programs and activities. I would therefore encourage you to check the calendar of activities included in this newsletter and save the date and attend those that support and enable you to increase your professional skills and your production. And, if you are a member, please also be an ambassador and help us increase our membership. Let s exploit this opportunity to improve and expand this organization that will serve us well. 15th 2004 CTCB s members represent a cross section of the commercial real estate industry, including brokers, agents, appraisers, property managers, developers, principals, consultants and other affiliated commercial real estate professionals, such as mortgage bankers, title companies, law firms, engineering companies and environmental consultants. CTCB will provide services throughout the central part of Texas from Austin. CTCB Newsletter CTCB Members CTCB Resources Internet Quick Link to Tax Rolls for Bexar, Travis, and Williamson Counties. Internet Quick Link to TAR and NAR Web Sites. Access to Commercial Leases, Contracts, and Forms (TAR/NAR Membership). Access to Auto, Disability, E & O, Dental, Health, and Life Insurance Programs (TAR/NAR Membership). Legal Assistance (TAR/NAR Membership). Arbitration and Mediation (TAR/NAR Membership). Legislative Activities Periodic Updates on Local, State, and National Legislative Activities. Provide Input to Local and State Legislative Activities thru TREPAC (TAR/NAR The newsletter is published quarterly Send all inquires or news items care of the Editior, Robert R. Hemphill, CCIM at robertrhemphill@austin.rr.com or to the CTCB Association manger Chuck Hempstead at chuck@hempsteadassociates.com
Commercial MCE CENTRAL TEXAS COMMERCIAL BROKERS (CTCB) Commercial Leasing Brokers Association & Crescent Realty present INCOME PROPERTY ANALYSIS FOR THE COMMERCIAL MARKET 15 HOURS OF MCE CREDIT (6 HOURS LEGAL) Instructor: F.W. Chip Meyers III (Meyers School of Real Estate) TOPICS 1. The 16 Contributing Elements to Value and Yield 2. Define, discuss, and learn to compute the following Price/SF or Unit Equity Rate of Return Gross Rent Multiplier Financial Management Capitalization Rate Rate of Return Cash on Cash Return Internal Rate of Return 3. How the Following Parts Relate: Cost Recovery Compounding/Discounting Passive Loss Restrictions Risk/Market Cycles Capital Gain Calculation Discounted Cash Flow Analysis WHEN: (Attendance required on both days for credit) Thursday, September 23, 2004; 8:30am to 5:15pm Friday, September 24, 2004; 8:30am to 5:15pm WHERE: (Free parking for students in 301 Congress Garage) 301 Congress, 3rd and Congress, Austin, TX 3rd floor meeting room COST: CTCB MEMBERS: $160: $175 (after September 2, 2004) OTHERS: $185: $200 (after September 2, 2004)
CTCB Office Bus Tour A Great Success Todd Chessher was working hard to give away golf shirts, frozen margaritas and a Lexsus coupe at the Pathenon bus tour stop during the May CTCB Office bus tour. Veteran Broker Ty Cunningham takes a close look at the Lexus. Theonly question on his mind is How much square footage will I need to lease to get a shot at this primo ride Todd? The photo to the right shows the lexus sports car that Pathenon Realty was giving away to the broker that does the most leases. At this writing, Kim McGregor at Granite Properties was the leading Austin broker point wise in the nationwide contest. Kim can you show space in a Lexus Convertible Coupe?
How To Join CTCB 2004 Annual Membership Fees REALTOR Member - (printable.pdf application) - Individuals who hold a valid Texas real estate license or are a Texas Certified or Licensed Appraiser. Includes membership in CTCB, Texas Association of REALTORS and National Association of REALTORS. CTCB TAR NAR TOTAL 125.00 92.00 84.00 $301.00 SECONDARY REALTOR Member - (printable.pdf application) - Individuals who hold a valid Texas real estate license or are a Licensed Appraiser and are currently a member of another primary Association of REALTORS. CTCB TOTAL 125.00 $125.00 INSTITUTE Affiliate Member - (printable.pdf application) - A member of a recognized Institute Society or Council of NAR who chooses to join as an Institute Affiliate rather than REALTOR member. Includes membership in CTCB (NTCAR) only and requires additional payment direct to recognized Institute, Society or Council of NAR. CTCB TOTAL 125.00 $125.00 PROFESSIONAL Member - (printable.pdf application) - Individuals who hold a valid Texas real estate license or are Texas Certified or Licensed Appraiser and wish to utilize local programs only. CTCB TOTAL 125.00 $125.00 AFFILIATE Member - (printable.pdf application) - Companies interested in marketing opportunities and membership benefits. Principal Affiliate - $335.00 Additional Affiliates - $200.00 Effective January 1, 2004 all memberships will require a One-Time Application Fee of $35.00 * Realtor: Your 2004 dues include a $20 mandatory assessment by the National Association of Realtors to fund a nationwide public awareness campaign that includes television ads highlighting the value a Realtor brings to a transaction and stressing the importance of using a Realtor. The campaign and assessment will run two or more years.